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do i have to report an inheritance on my federal or NJ state tax?

 
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do i have to report an inheritance on my federal or NJ state tax?

If this was a cash inheritance it is not reported on a federal tax return.  There is no estate tax for an inheritance in New Jersey.

do i have to report an inheritance on my federal or NJ state tax?

Thanks! I've been reading about Inheritance Tax (vs Estate Tax) in NJ. Are those the same thing? 

 

The inheritance is a mix of life insurance proceeds, and securities and real estate that will be liquidated before distribution. Each is in a separate trust. Does that change anything with the tax reporting? 

do i have to report an inheritance on my federal or NJ state tax?

 
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